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Two Seas Capital Portfolio holdings

AUM $7.15B
1-Year Est. Return 169.27%
This Fund
S&P 500
This Quarter Est. Return
+18.89%
1 Year Est. Return
+169.27%
3 Year Est. Return
+279.82%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$7.15B
AUM Growth
+$2.3B
Cap. Flow
+$2.31B
Cap. Flow %
32.28%
Top 10 Hldgs %
83.2%
Holding
52
New
14
Increased
15
Reduced
15
Closed
5

Top Buys

Rank Stock Value
1
NKTR icon
Nektar Therapeutics
NKTR
+$69.1M
2
TLN
Talen Energy Corp
TLN
+$66M
3
SOC icon
Sable Offshore Corp
SOC
+$44M
4
CIFR icon
Cipher Digital
CIFR
+$27.6M
5
SHC icon
Sotera Health
SHC
+$26.7M

Top Sells

Rank Stock Value
1
CLMT icon
Calumet Specialty Products
CLMT
+$26.3M
2
NBIS
Nebius Group N.V.
NBIS
+$14.8M
3
CORZ icon
Core Scientific
CORZ
+$14.7M
4
HUT
Hut 8
HUT
+$13.1M
5
INDV icon
Indivior Pharmaceuticals
INDV
+$12M

Sector Composition

Rank Sector Weight
1 Healthcare 12.21%
2 Technology 5.15%
3 Utilities 3.27%
4 Materials 3.06%
5 Communication Services 2.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
51
Meta Platforms (Facebook)
META
$1.51T
– –
-14,272
Closed -$9.42M
CRWV
52
CoreWeave
CRWV
$38.6B
– –
-110,000
Closed -$7.88M
1 2
3

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UB
UMB Bank Kansas City, Missouri $7.16B AUM 20.88% 1-Year Est. Return
FPA
First Pacific Advisors El Segundo, California $7.14B AUM 21.51% 1-Year Est. Return
FPP
Findlay Park Partners London, United Kingdom $7.17B AUM 17.27% 1-Year Est. Return
SC
Saturna Capital Bellingham, Washington $7.13B AUM 35.47% 1-Year Est. Return
CFG
Citizens Financial Group Providence, Rhode Island $7.19B AUM 23.93% 1-Year Est. Return
DS
DRW Securities Chicago, Illinois $7.21B AUM 20.54% 1-Year Est. Return
MNA
Manning & Napier Advisors Fairport, New York $7.09B AUM 17.35% 1-Year Est. Return
NAMA
Nikko Asset Management Americas New York $7.07B AUM 50.91% 1-Year Est. Return

Two Seas Capital's Q1 2026 Portfolio in Review

As of Q1 2026, Two Seas Capital held 52 positions worth $7.15B, up 47% from $4.85B the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Two Seas Capital deployed $2.31B of net new capital in Q1 2026, opening 14 new positions and adding to 15 existing holdings. Its largest new stake was uniQure: 1,300,000 shares worth $21.3M.

By sector, the portfolio is most concentrated in Healthcare at 12% of assets, down from 14% a quarter earlier, followed by Technology and Utilities.

On the sell side, the largest reduction was Calumet Specialty Products, an estimated $26.3M trimmed.

  • Two Seas Capital's largest Q1 2026 buy was uniQure: 1,300,000 shares worth $21.3M.
  • Two Seas Capital added most to Nektar Therapeutics in Q1 2026, an estimated $69.1M increase.
  • Two Seas Capital's biggest Q1 2026 reduction was Calumet Specialty Products, cutting an estimated $26.3M.
  • Two Seas Capital fully exited Meta Platforms (Facebook) in Q1 2026, selling an estimated $9.42M.
  • Two Seas Capital's ten largest holdings make up 83% of its $7.15B portfolio in Q1 2026.
  • Two Seas Capital opened 14 new positions and closed 5 in Q1 2026.
  • Two Seas Capital's portfolio value rose 47% quarter-over-quarter to $7.15B.

Based on Two Seas Capital's 13F filing for Q1 2026, filed 15 May 2026.